Amrest Holdings SE Beneish M-Score Historical Data
The historical data trend for Amrest Holdings SE's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Amrest Holdings SE Beneish M-Score Chart
|
Amrest Holdings SE Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-2.58 |
-2.50 |
-3.46 |
-2.99 |
-3.09 |
|
Amrest Holdings SE Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.99 |
-3.11 |
-2.99 |
-3.05 |
-3.09 |
Competitive Comparison of Amrest Holdings SE's Beneish M-Score
For the Restaurants subindustry, Amrest Holdings SE's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Amrest Holdings SE's Beneish M-Score Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Amrest Holdings SE's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Amrest Holdings SE's Beneish M-Score falls into.
Amrest Holdings SE Beneish M-Score Calculation
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Amrest Holdings SE for today is based on a combination of the following eight different indices:
| M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
| = | -4.84 | + | 0.92 * 0.9639 | + | 0.528 * 0.8594 | + | 0.404 * 0.931 | + | 0.892 * 1.1732 | + | 0.115 * 1.0945 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 1.0178 | + | 4.679 * -0.13705 | - | 0.327 * 0.9739 |
| = | -3.09 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
| This Year (Dec23) TTM: | Last Year (Dec22) TTM: |
Total Receivables was zł297 Mil.
Revenue was 2750.985 + 2708.961 + 2384.565 + 2667.844 = zł10,512 Mil.
Gross Profit was 351.692 + 410.111 + 330.284 + 240.501 = zł1,333 Mil.
Total Current Assets was zł1,647 Mil.
Total Assets was zł10,287 Mil.
Property, Plant and Equipment(Net PPE) was zł6,150 Mil.
Depreciation, Depletion and Amortization(DDA) was zł1,051 Mil.
Selling, General, & Admin. Expense(SGA) was zł738 Mil.
Total Current Liabilities was zł2,644 Mil.
Long-Term Debt & Capital Lease Obligation was zł5,631 Mil.
Net Income was -25.371 + 116.013 + 95.174 + 7.301 = zł193 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = zł0 Mil.
Cash Flow from Operations was 473.297 + 398.981 + 377.654 + 353.021 = zł1,603 Mil.
|
Total Receivables was zł263 Mil.
Revenue was 2446.246 + 2253.032 + 2021.296 + 2239.742 = zł8,960 Mil.
Gross Profit was 257.925 + 287.537 + 232.362 + 198.352 = zł976 Mil.
Total Current Assets was zł1,583 Mil.
Total Assets was zł9,689 Mil.
Property, Plant and Equipment(Net PPE) was zł5,587 Mil.
Depreciation, Depletion and Amortization(DDA) was zł1,062 Mil.
Selling, General, & Admin. Expense(SGA) was zł618 Mil.
Total Current Liabilities was zł2,662 Mil.
Long-Term Debt & Capital Lease Obligation was zł5,342 Mil.
|
1. DSRI = Days Sales in Receivables Index
Measured as the ratio of Revenue in Total Receivables in year t to year t-1.
A large increase in DSR could be indicative of revenue inflation.
| DSRI | = | (Receivables_t / Revenue_t) | / | (Receivables_t-1 / Revenue_t-1) |
| = | (297.451 / 10512.355) | / | (263.024 / 8960.316) |
| = | 0.028295 | / | 0.029354 |
| | = | 0.9639 |
2. GMI = Gross Margin Index
Measured as the ratio of gross margin in year t-1 to gross margin in year t.
Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.
| GMI | = | GrossMargin_t-1 | / | GrossMargin_t |
| = | (GrossProfit_t-1 / Revenue_t-1) | / | (GrossProfit_t / Revenue_t) |
| = | (976.176 / 8960.316) | / | (1332.588 / 10512.355) |
| = | 0.108944 | / | 0.126764 |
| | = | 0.8594 |
3. AQI = Asset Quality Index
AQI is the ratio of asset quality in year t to year t-1.
Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.
| AQI | = | (1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) | / | (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1) |
| = | (1 - (1646.917 + 6150.238) / 10286.995) | / | (1 - (1583.24 + 5586.807) / 9688.954) |
| = | 0.242038 | / | 0.259977 |
| | = | 0.931 |
4. SGI = Sales Growth Index
Ratio of Revenue in year t to sales in year t-1.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
| SGI | = | Sales_t | / | Sales_t-1 |
| = | Revenue_t | / | Revenue_t-1 |
| = | 10512.355 | / | 8960.316 |
| | = | 1.1732 |
5. DEPI = Depreciation Index
Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
| DEPI | = | (Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) | / | (Depreciation_t / (Depreciaton_t + PPE_t)) |
| = | (1062.309 / (1062.309 + 5586.807)) | / | (1051.225 / (1051.225 + 6150.238)) |
| = | 0.159767 | / | 0.145974 |
| | = | 1.0945 |
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.
SGA expenses index > 1 means that the company is becoming less efficient in generate sales.
| SGAI | = | (SGA_t / Sales_t) | / | (SGA_t-1 /Sales_t-1) |
| = | (737.748 / 10512.355) | / | (617.843 / 8960.316) |
| = | 0.070179 | / | 0.068953 |
| | = | 1.0178 |
7. LVGI = Leverage Index
The ratio of total debt to Total Assets in year t relative to yeat t-1.
An LVGI > 1 indicates an increase in leverage
| LVGI | = | ((LTD_t + CurrentLiabilities_t) / TotalAssets_t) | / | ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1) |
| = | ((5631.011 + 2644.252) / 10286.995) | / | ((5341.63 + 2661.679) / 9688.954) |
| = | 0.804439 | / | 0.826024 |
| | = | 0.9739 |
8. TATA = Total Accruals to Total Assets
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
| TATA | = | (IncomefromContinuingOperations_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
| = | (NetIncome_t - NonOperatingIncome_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
| = | (193.117 - 0 | - | 1602.953) | / | 10286.995 |
| | = | -0.13705 |
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Amrest Holdings SE has a M-score of -3.09 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LTS:0OGQ has been successfully added to your